Common use of Private Air Travel Clause in Contracts

Private Air Travel. During the Consulting Period, to ensure his reasonable availability for purposes of this Agreement and for the compensation and benefits of Consultant, Consultant shall be entitled to the use of Company aircraft at Company expense for any and all business and personal travel on terms no less favorable than currently (immediately prior to the time this Agreement is entered into) afforded to the Chief Executive Officer of the Company and his spouse and invitees, with the type of aircraft and aggregate annual hours of air travel expressly to be no less favorable than currently afforded, but with the understanding that the Consultant (and his spouse and invitees) and Xxxx X. Xxxxxxxxxx (and his family and invitees) together will be entitled each year to no more than the current aggregate annual hours of air travel afforded to them by the Company immediately prior to the time this Agreement is entered into. When the Company aircraft is used by the Consultant for personal transportation, the Consultant shall be imputed income based on the value of the use of the aircraft per the Standard Industry Fare Level method, adjusted accordingly.

Private Air Travel. During the Consulting Period, to ensure his reasonable availability for purposes of this Agreement and for the compensation and benefits of Consultant, Consultant shall be entitled to the use of Company aircraft at Company expense for any and all business and personal travel on terms no less favorable than currently (immediately prior to the time this Agreement is entered into) afforded to the Chief Executive Officer of the Company and his spouse family and invitees, with the type of aircraft and aggregate annual hours of air travel expressly to be no less favorable than currently afforded, but with the understanding that the Consultant (and his spouse family and invitees) and Xxxx Xxxxxx X. Xxxxxxxxxx Xxxxxxxxx (and his family spouse and invitees) together will be entitled each year to no more than the current aggregate annual hours of air travel afforded to them by the Company immediately prior to the time this Agreement is entered into. When the Company aircraft is used by the Consultant for personal transportation, the Consultant shall be imputed income based on the value of the use of the aircraft per the Standard Industry Fare Level method, adjusted accordingly.